Balfour Beatty (LON:BBY) Reaches New 12-Month High – What’s Next?

Shares of Balfour Beatty plc (LON:BBY) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 774 and last traded at GBX 772.50, with a volume of 624809 shares trading hands. The stock had previously closed at GBX 766.50.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Balfour Beatty from GBX 650 to GBX 715 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 712.50.

Balfour Beatty Stock Performance

The firm’s 50 day moving average is GBX 722.18 and its 200-day moving average is GBX 664.34. The stock has a market capitalization of £3.75 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 3.75 and a beta of 0.81. The company has a debt-to-equity ratio of 79.85, a quick ratio of 0.84 and a current ratio of 0.99.

About Balfour Beatty

Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.

Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.